Popular analyst Rekt Capital made statements that the bottom price is very close in his share that he analyzed Bitcoin (BTC) halving cycles.
Rekt Capital has recently twitter in your post, halving (halvingHe noted that Bitcoin price is probably very close to bottoms. Comparing the past halving and the bottom of BTC, the analyst said that the price 547 days from 2015 halving before 517 days from the 2018 halving revealed that he had bottomed out first.
Analyst, your next halving April 2024He stated that we may be very close to the expected bottom price considering that it will take place in .
There was previously a 517 and 547 day alignment between halvings and bottom prices. Considering that there are 500 days left until the next halving, I think we are very close to a bottom price.
In addition to these data end of bear market The analyst, who gave good news about the issue, made comparisons over historical cycles. buy BTC 1-2 years Stating that these prices offer a great opportunity for investors who have the luxury of waiting, Rekt Capital also stated that we are very close to the bottom price with simple mathematics:
Each cycle saw all-time highs and then big dips. Nearly 400 days have passed since the BTC bull market peaked at $69,000. This means that the bear market is nearing its end. Historically, BTC bear markets find their absolute bottom about 365 days after the previous bull market peak.
Pointing out certain price points on Bitcoin, the analyst said, Monthly resistance at $17,150 for now can work and in the short term $15,400 level that a withdrawal is possible. 15,400If support cannot be found from 13,740 The analyst, who sees a drop towards the levels possible, suggests that these levels are the most reasonable option to buy the price from the bottom no matter what:
Bargain buyers play a large role in establishing the BTC Bear Market base. And FOMO (fear of missing out) buyers play a big role in creating the new uptrend Now we still have time to be bargain buyers. But in the future, we will have no choice but to be a FOMO recipient.